For businesses, environmental, social, and governance (ESG) is an increasingly critical component of their value propositions to stakeholders including investors, customers, and employees. ESG involves setting clear targets, developing roadmaps for meeting targets, and reporting progress. Therefore, it has the potential to drive climate action and more sustainable behavior, including but not limited to reducing GHG emissions by improving the reliability, comparability, and transparency of company ambitions and actions.
There is a growing number of voluntary ESG frameworks and methodologies which has made the ESG reporting landscape increasingly complex to navigate. This document is not an attempt at yet another framework or methodology. Rather, we encourage use of those already out there in combination with an observant eye on the most ambitious upcoming regulation. There is good reason to believe that this along with the ongoing work for an international standard will define future requirements from your main stakeholders including investors and customers.